Finance News

Posted on Thursday, July 7, 20162016 Federal election - Potential hung parliament
Another week, another shock political result. With so much yet to be decided, we make some quick inferences and offer some perspective on potential market impacts. We take the political press ‘as read’ and infer that a hung parliament is the base case outcome.Read the rest of entry »

In a letter recently issued by the Treasurer, some transitional rules were outlined for clients caught in the middle of strategies by the imposition of the proposed $500,000 lifetime non-concessional cap.

These concessions only apply if:

An LRBA (Limited recourse borrowing arrangement) was already in place at Budget Night (3 May 2016).

An asset purchase contract was signed before Budget Night (3 May 2016) with a later settlement which required contributions for completion (this option does not necessarily need borrowings).

Posted on Friday, June 24, 2016Note at the time of writing the result of the UK Referendum has not yet been formally called.

The facts,as discussed on 3AW yesterday with Tom Elliott the effect of the Brexit vote:The pound is down between 8% and 10% on all major currencies.Our share market in Australia is down more than 3% but still above 5000 points. Our dollar has not changed against the US dollar but 8% higher against the pound. The Dow Jones futures are down 6%.Read the rest of entry »

Posted on Sunday, June 12, 2016It is approaching June 30 again, and you may be looking for some last minute ideas on reducing your taxable income. With for some of you only one pay left this financial year it could be worth salary sacrificing your whole pay with a view of topping up towards your age based cap. Give us a call to discuss.Read the rest of entry »